Tag: Economic fundamentals

Economic Growth: A Short History of a Controversial Idea

By Gareth Dale, who teaches at Brunel University. He publishes occasionally in The Ecologist. This article includes passages from previously published texts, including ‘The tide is rising, don’t rock the boat!’ Economic growth and the legitimation of inequality (2018), Seventeenth century origins of the growth paradigm (2017), and The growth paradigm: A critique (2012). Originally […]

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Revealed: Americans Care More About Social Needs Than Deficits

Yves here. It’s frustrating that writers treat it as news that Americans want more social spending. It’s another example of how positions presented in the media as mainstream are actually to the right of the center of gravity of political opinion. As Richard Kline wrote in a classic post, Progressively Losing: “Progressive goals are not […]

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Forget Lower Jobs Growth, The Number of People Who’ve Stopped Looking for Work Is Much More Worrisome

Yves here. This article helps debunk the idea that the low headline unemployment numbers mean the jobs market is strong. In addition to continued poor labor force participation, involuntary part time employment is also high. By Michael Klein, Professor of International Economic Affairs, Fletcher School, Tufts University. Originally published at openDemocracy The latest jobs report […]

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China-Russia Partnership Threatens US Global Hegemony

This Real News Network interview describes how China is threatening America’s superpower status and how that rivalry is also exposing fractures in the US elites PAUL JAY: Welcome to The Real News Network. I’m Paul Jay. Big power rivalry is heading into very dangerous waters. The rise of China as an economic and military superpower […]

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Eight Reasons Why Inequality Ruins the Economy

By Chris Dillow, an economics writer at Investors Chronicle. He blogs at Stumbling and Mumbling, and is the author of New Labour and the End of Politics. Follow him on Twitter: @CJFDillow. Originally published at Stumbling and Mumbling; cross posted from Evonomics I welcome Professor Sir Angus Deaton’s report into inequality. I especially like its emphasis […]

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Chinese Embargo Threats Ring Hollow—the Reason Why Lies in Rare Earths

By Marshall Auerback, a market analyst and commentator. Produced by Economy for All, a project of the Independent Media Institute We’ve been sold an empty threat for years. And now it’s finally happening: ahistorical bluff is getting close to being revealed for the paper tiger that it is. According to accounts in several local newspapers, […]

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$1 Trillion: The Cost Of Climate Change For Corporations

By Alex Kimani, a veteran finance writer, investor, engineer and researcher for SafeHaven. Originally published at Safehaven The United States is poised to take a powerful economic hit with the real cost of a disturbed climate beginning to become abundantly clear. Rising sea levels, wildfires, heat waves and extreme weather events are set to cost […]

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The Economic Cost of Devastating Hurricanes and Other Extreme Weather Events Is Even Worse Than We Thought

By Gary W. Yohe, Huffington Foundation Professor of Economics and Environmental Studies, Wesleyan University. Originally published at The Conversation June marks the official start of hurricane season. If recent history is any guide, it will prove to be another destructive year thanks to the worsening impact of climate change. But beyond more intense hurricanes and […]

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FANGMAN Stocks Crushed by Potential “Unprecedented, Wide-Ranging Probe” into Google, Apple, Facebook, Amazon

Yves here. Who’d have thunk it? Curbing rentier capitalism would be bad for rentiers. It’s only recently that more and more economic research and press interest about the cost of monopolies has taken the sheen off tech giants like Google and Amazon as it becomes increasingly obvious that their outsized results result from the abuse […]

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St. Louis Fed Study Shows Rising Level of Financial Desperation Among the Poor, Hidden by Aggregates

Reader UserFriendly highlighted an important St. Louis Fed study, The Unequal Recovery: Measuring Financial Distress by ZIP Code by Ryan Mather and Juan M. Sánchez. It sheds light on a topic that that readers regularly debate: why are there so many signs of distress in a supposedly robust economy? Some of the disconnect is due […]

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Is Conservatism Running on Brand Fumes?

A provocative article in the Guardian, ‘A zombie party’: the deepening crisis of conservatism, is a must read. I am going to focus on a few key observations rather than attempt to summarize it. Among other things, it also gives some perspective on Brexit, about which I ought to be Saying Something. But we are […]

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Does Iran’s Economic Fate Depend on a Lifeline From China?

Yves here. I don’t know enough about the structure of the Iranian economy to assess whether oil export revenue is as critical as this article suggests. Iran clearly needs foreign currency (exports) to buy imports like pharmaceuticals and any critical materials and products they don’t produce domestically…like chips. I was under the impression that Iran […]

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Why Martin Wolf Is Wrong on Modern Monetary Theory (MMT)

Yves here. I’m glad Richard Murphy did the heavy lifting on Martin Wolf’s comment today on MMT. A small point: Murphy remarks that he believes that Wolf got something wrong “deliberately”. That might seem like a stretch. But I imagine that Murphy has been reading Wolf regularly longer than I have, and I can point […]

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UBI Without Quality Public Services Is a Neoliberal’s Paradise

By Rosa Pavanelli, General Secretary of Public Services International (PSI) and chair of the Council of Global Unions. Originally published at openDemocracy From tech-billionaires to Socialist leaders, Universal Basic Income has caught the imagination of many across the political spectrum. This mechanism, which would give everyone regular cash payments that are enough to live on, […]

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What Does It Mean to Live in a Multipolar World? We May Be About to Find Out

Yves here. A teeny quibble re Marshall’s fine piece on our multipolar future. It’s hard to square calling Russia’s’ integration of Crimea an “annexation” when Russia relied on the same process that we used with Kosovo. By Marshall Auerback, a market analyst and commentator. Produced by Economy for All, a project of the Independent Media […]

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